Commercial Real Estate Market in Berea, KY
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 461 off-market properties in Berea, KY. Commercial property asks $35/SF to buy and $6.65/SF/Yr to lease.
Market Trends
Berea, KY spans 111.2 square miles in Madison County, Kentucky. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Berea, KY asks $149/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Berea, KY asks $197/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Berea, KY runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Berea, KY asks $129/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 42.4%
- Agricultural 21.6%
- Commercial 12.3%
- Industrial 10.2%
- Civic 7.7%
- Planned_development 5.5%
- Open space 0.4%
Largest Zones share of zoned land by district
Single Family Residential
Agricultural
Industrial Park
Major Business
Interchange Business
Single Family Residential (R-1)
R-1 Single Family Residential Zone: The R-1 zone allows for low to medium density single-family dwellings in residential neighborhoods and protects them from the encroachment of non-residential or higher density residential uses.
Market overview
Demographics & Economy
Berea, KY has 27,759 residents in 11,020 households. Density runs 250 people per square mile. Median household income here is $60,105 and median gross rent $827 a month.
27,759
Population
11,020
Households
2.5
Avg Household Size
37
Median Age
27%
College-Educated
87%
High-School Grad
111.2 sq mi
ZIP Area
250
Density / Sq Mi
$60,105
Median Household Income
$33,036
Median Earnings
$827
Median Rent
$180,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bighill | — | — |
| Disputanta | — | — |
| Morrill | — | — |
| Conway | — | — |
Commercial property in Berea, KY asks $35/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Berea?
Commercial property in Berea, KY asks an average of $35 per square foot. Retail carries the highest asking price at $197/SF.
How much does it cost to lease commercial space in Berea?
Asking lease rates in Berea, KY average $6.65 per square foot per year.
Where does Realmo's Berea market data come from?
Realmo compiles Berea, KY figures from 7 recent recorded sales, 58 active sale listings, 5 active lease listings, 461 tracked off-market properties, the current Berea zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 5 active for-lease listings in Berea, KY. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 10,671 zoned acres across 14 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
